YEREVAN, July 25. /ARKA/. Credit portfolio of Areximbank-Gazprombank Group climbed by 21.0% to 90.3 billion drams, the bank reported to ARKA on Wednesday.
Credit portfolio made up 78.2% of the total assets. In six months the total assets of the bank surged by 20.6% to 155.6 billion drams as of July 1.
Total liabilities of Areximbank-Gazprombank Group advanced by 24.0% to 99.3 billion drams as of July 1 from the beginning of this year. The total capital accounted 16.2 billion drams, and the authorized capital- 12.3 billion drams.
At the same time the net income of the bank fetched up 647.2 million drams within 6 months, up by 22.5% from the analogical period a year earlier.
Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It operates monetary transfers via MoneyGram, Contact, Migom, Bystraya Pochta, Blizko and Unistream, as well as transfers without opening a bank account via Gazprom-Express from Russia to Armenia. In 2007 Russian Gazprombank acquired 100% stock of the bank. Today the bank has 16 branches 7 of which are in Yerevan, and 9- in regions. ($1-410.50 drams). —0–
